Friday, September 30

The S&P Merval goes down and scores its fourth consecutive fall

BYMA’s S&P Merval stock index fell 0.7% to 89,025.14 units, after marking an intraday historical maximum level of 97,024.42 points last week.

Priscila Bruno of Rava Bursátil considered that the recent drops were due “among other reasons, (to the fact that) some companies holding public debt could be experiencing greater uncertainty, while the market could dissipate on discounted price expectations.”

Bonds and Country Risk

In the fixed income segment, dollar bonds register negative results. The falls are led by the Bonar 2029 (AL29D), which lost 2%.

For his part, Argentine Country Risk rose 0.9% to 1,721 basis points.